On The Market

Inflation is rising again, and everywhere on social media, we’re hearing people say, “Buy real estate!” Property is supposed to be the ultimate inflation hedge. The problem? Real estate may not save you from the inflation heading our way. In fact, home prices could get worse if things continue this way. But how? For decades, we’ve been told that real estate is the ultimate inflation hedge. It’s tracked rising prices very well and has been one of the most championed “safe” assets to buy. But do real estate prices always follow the path of inflation? What happens if consumer prices rise but renters are paid less, a recession hits, nobody can pay their bills, you can’t pay your mortgage, and home prices fall?  This is a reality that real estate gurus tend not to think through—the other side of inflation. Today, we’re getting into it. Which inflation benefits real estate prices the most? Which of the four possible inflation scenarios could unfold as the world tilts toward uncertainty, and which assets protect your wealth regardless of the inflation rate?  In This Episode We Cover Is real estate really a good hedge against inflation? Most people assume incorrectly  The two types of inflation and how they (oppositely) affect real estate prices  Four future scenarios we could see if inflation rises, falls, or stays the same  What’s causing rising inflation right now? An April 2026 inflation update  The four ways real estate will benefit during a traditionally high-inflation period And So Much More! Links from the Show ⁠⁠Join the Future of Real Estate Investing with Fundrise⁠⁠ ⁠⁠Join BiggerPockets for FREE⁠⁠ ⁠⁠Join us at the BiggerPockets Conference October 2-4 in Orlando. Buy tickets⁠⁠ ⁠⁠Sign Up for the On the Market Newsletter⁠⁠ ⁠⁠Find Investor-Friendly Lenders⁠⁠ ⁠⁠Dave's BiggerPockets Profile⁠⁠ Center for American Progress: Trump Administration Tariffs Could Result in 450,000 Fewer New Homes Through 2030 Check out more resources from this show on ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠BiggerPockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠https://www.biggerpockets.com/blog/on-the-market-413 . Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠[email protected]⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Learn more about your ad choices. Visit megaphone.fm/adchoices

This could be the best real estate “buy” of 2026. While mortgage rates are climbing back up and everyone is waiting out the housing market—again—one man is going all in: James Dainard. If you’ve listened to On the Market for a while, you know James is never not buying—but what he’s buying changes by the week, or even by the day. Last year, James got burned (a bit) on house flipping and new development, but reassessed his almost unbeatable investing framework and is now saying there’s one particular asset class he’s hungry to acquire—and it’s on serious discount. So today, we’re picking the brain of the man with 1,000+ rental units who’s flipped thousands of homes and knows the market better than any economist, since he’s on the ground buying and selling every single day. James shares the “best buy” of 2026, the one thing you must account for if you’re flipping or doing any renovation project, the single best rental for small investors to start with (and how to find them on-market at discount), and the one high-return deal he’d do as a new real estate investor. This is what’s working in real estate right now in 2026.  In This Episode We Cover The overlooked (and underpriced) properties James is heavily targeting in 2026  How to find on-market, discounted rentals perfect for small investors  The “buyer psychology” changes in the market that flippers must be aware of  One high-return real estate deal new investors should heavily consider in 2026  One cost to add to every renovation project to ensure you stay on budget  And So Much More! Links from the Show ⁠Join the Future of Real Estate Investing with Fundrise⁠ ⁠Join BiggerPockets for FREE⁠ ⁠Join us at the BiggerPockets Conference October 2-4 in Orlando. Buy tickets⁠ ⁠Sign Up for the On the Market Newsletter⁠ ⁠Find Investor-Friendly Lenders⁠ ⁠On the Market 410 - The First Domino? Investors Pull Billions as Real Estate Bank Runs Return⁠ ⁠Dave's BiggerPockets Profile⁠ BiggerPockets Real Estate 1100 - The Ultimate Underrated Rental Property (for Small Investors) w/Brian Burke  Check out more resources from this show on ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠BiggerPockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and ⁠https://www.biggerpockets.com/blog/on-the-market-412 . Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠[email protected]⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Learn more about your ad choices. Visit megaphone.fm/adchoices

A $3 trillion market is beginning to crack. JPMorgan CEO Jamie Dimon has sounded off, saying there are “cockroaches” in the system. Investors are pulling billions of dollars out of the market, and real estate could be affected in a massive way. This is the private credit crisis explained. When big investors go to buy or build, they don’t always take money from a bank; instead, they get loans from the private credit market—lenders who operate outside of the traditional lending apparatus. But over the past four years, commercial real estate has seen values tank, income drop, and demand shrink for everything from office to multifamily and more. And the people who lend their money to private credit are starting to get nervous. Billions of dollars have already been pulled out of the market, with many investors going on “bank run” style withdrawal sprees. But, this isn’t only a commercial real estate problem—residential real estate could be affected if enough money leaves the systems. So what happens next? Will real estate prices fall even further as a result? Are we on the brink of a credit crisis mirroring the 2008 subprime bubble? We’re breaking it all down in this episode.

Investors are pulling billions of dollars (yes, billions) out of real estate investments at a record pace as “bank run” style withdrawals return. Blackstone has already seen record withdrawal requests of over $3 billion. Could this be the first domino to fall that could set off a private credit crisis, pulling multifamily prices down even more? We’re back with this week’s biggest headlines—from mortgage rates rising back to six-month highs to corporate headquarters being converted into housing—there’s almost too much to talk about happening in the housing market. First, mortgage interest rates flip as buyers get pushed back out of the market, but this could lead to even bigger discounts for investors. A lonely corporate headquarters building gets greenlit for conversion to housing. If this trend continues, we could see relief in housing supply strain. Investors pull a record amount of money from real estate investments—just as commercial real estate needs it most (this will have consequences). Finally, the “millionaire tax” makes its way through one state—and it could kill one type of real estate investing.

A “structural shift” is happening in the housing market—one that will permanently change how home prices appreciate. We could be experiencing the last era of steady, rising home prices as we enter into a new reality—a reality without Baby Boomers owning real estate. For years, a “⁠silver tsunami⁠” has been predicted to “crash” the housing market. With Baby Boomers downsizing, aging in place, and passing away, the inevitable wave of inventory was supposed to hit the housing market with fury—but it hasn’t happened, at least not yet. With the average Baby Boomer now in their 70s, surely we should start to see inventory fly on the market…right? Today, we’re getting into when (and if) the silver tsunami will hit, why the end of the Baby Boomer generation could change the home price growth trajectory permanently, and ⁠what will unfold in the 2030s⁠ (and beyond) that could cause serious headwinds in the housing market. But if it all comes true, investors will have the opportunity of a lifetime to get something many have assumed is gone—⁠cash flow⁠.